Tyson Foods 2010 Annual Report Download - page 47

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47
The following table presents the effects of the retrospective application of new accounting guidance on our consolidated financial
statements (in millions, except per share data):
Adjustments: Adjustments:
Previously Convertible Noncontrolling As
Reported Debt Interest Adjusted
September 27, 2008 – Income Statement:
Interest Expense $215 $0 $0 $215
Income (Loss) from Continuing Operations before Income Taxes 154 0 0 154
Income Tax Expense 68 0 0 68
Income (Loss) from Continuing Operations 86 0 0 86
Minority Interest 0 0 0 0
Net Income (Loss) 86 0 0 86
Less: Net Loss Attributable to Noncontrolling Interest 0 0 0 0
Net Income (Loss) Attributable to Tyson 0 0 0 86
Earnings (Loss) Per Share from Continuing Operations Attributable
to Tyson:
Class A Basic $0.25 $0.00 $0.00 $0.25
Class B Basic $0.22 $0.00 $0.00 $0.22
Diluted $0.24 $0.00 $0.00 $0.24
Net Income (Loss) Per Share Attributable to Tyson:
Class A Basic $0.25 $0.00 $0.00 $0.25
Class B Basic $0.22 $0.00 $0.00 $0.22
Diluted $0.24 $0.00 $0.00 $0.24
October 3, 2009 – Income Statement:
Interest Expense $310 $17 $0 $327
Income (Loss) from Continuing Operations before Income Taxes (526) (17) 0 (543)
Income Tax Expense 14 (7) 0 7
Income (Loss) from Continuing Operations (540) (10) 0 (550)
Minority Interest (4) 0 4 0
Net Income (Loss) (537) (10) (4) (551)
Less: Net Loss Attributable to Noncontrolling Interest 0 0 (4) (4)
Net Income (Loss) Attributable to Tyson 0 0 0 (547)
Earnings (Loss) Per Share from Continuing Operations Attributable
to Tyson:
Class A Basic $(1.47) $(0.02) $0.00 $(1.49)
Class B Basic $(1.32) $(0.03) $0.00 $(1.35)
Diluted $(1.44) $(0.03) $0.00 $(1.47)
Net Income (Loss) Per Share Attributable to Tyson:
Class A Basic $(1.47) $(0.02) $0.00 $(1.49)
Class B Basic $(1.32) $(0.03) $0.00 $(1.35)
Diluted $(1.44) $(0.03) $0.00 $(1.47)
October 3, 2009 – Balance Sheet:
Long-Term Debt $3,333 $(75) $0 $3,258
Deferred Income Taxes 280 29 0 309
Minority Interest 98 0 (98) 0
Redeemable Noncontrolling Interest 0 0 65 65
Capital in Excess of Par Value 2,180 56 0 2,236
Retained Earnings 2,409 (10) 0 2,399
Total Tyson Shareholders’ Equity 4,352 46 0 4,398
Noncontrolling Interest 0 0 33 33
Total Shareholders’ Equity 4,352 46 33 4,431